Dow Chemical Co. (DOW) Declares Quarterly Dividend of $0.32
Dow Chemical (NYSE:DOW) declared a quarterly dividend on Thursday, September 12th, AnalystRatings.Net reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.32 per share on Wednesday, October 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.21%.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Dow Chemical (NYSE:DOW) from $34.00 to $40.00 in a research note to investors on Tuesday, September 3rd. They now have a “hold” rating on the stock. On the ratings front, analysts at Argus upgraded shares of Dow Chemical (NYSE:DOW) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 5th. They now have a $47.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Dow Chemical (NYSE:DOW) from $35.00 to $38.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.36.
Shares of Dow Chemical (NYSE:DOW) opened at 39.85 on Thursday. Dow Chemical has a 52-week low of $27.45 and a 52-week high of $40.06. The stock has a 50-day moving average of $37.07 and a 200-day moving average of $34.15. The company has a market cap of $48.134 billion and a price-to-earnings ratio of 17.77. Dow Chemical also saw unusually large options trading on Wednesday. Investors purchased 24,326 call options on the company. This is an increase of 108% compared to the average daily volume of 11,693 call options.
Dow Chemical (NYSE:DOW) last released its earnings data on Thursday, July 25th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.48 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Dow Chemical will post $2.36 earnings per share for the current fiscal year.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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